HDFC Bank Personal Loan: If you need a loan and you are facing problems in getting loan from the bank or other financial institutions or you are tired of visiting the bank due to long paperwork, then let us know. Now you can get rid of these problems because HDFC Bank Personal Loan is available online at only 10.75% annual interest rate. HDFC Bank is providing its customers the facility to take personal loan ranging from Rs 50000 to Rs 40 lakh online.
You can withdraw Rs 40 lakh from this bank with minimum documents. You can take a loan up to Rs. online. Its repayment period is maximum 6 years. Below in this article, we will provide you all the information about HDFC Bank Personal Loan. If you want to know its interest rate, tenure, eligibility criteria and how to take personal loan from HDFC Bank? So we will tell you its step by step process further. So we request you to read the information given below carefully.
HDFC Bank Personal Loan Information
HDFC Bank Personal Loan is available at an interest rate of 10.75% per annum for a tenure of up to 6 years, under which a loan can be availed ranging from Rs 50 thousand to Rs 40 lakh. It’s a good option for meeting personal expenses as it comes with a ton of features.
Government employees, employed individuals or self-employed customers can avail this loan within minutes for personal needs like marriage, education, medical emergency, travel, home renovation. If you want to know how to take HDFC Personal Loan, then keep reading this article further.
HDFC Bank Personal Loan Interest Rate
HDFC Bank Personal Loan interest rates start from just 10.75% per annum. But for your information, let us tell you that for accurate information you will have to contact the bank representative. Because the interest rate is determined according to the eligibility of any customer. If the customer has a good record of credit score, monthly income, job profile etc. then he can get the loan at a lower interest rate.
HDFC Bank Personal Loan Benefits
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The main feature of HDFC Bank Personal Loan Scheme is that it is offering loans at lower interest rates as compared to other banks.
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Customers can take a loan up to Rs 40 lakh from this bank to meet expenses related to their personal needs.
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Customers get a maximum of 6 years for loan repayment
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HDFC Personal Loan is available to women professionals, employed individuals and government employees.
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This loan can be taken by those customers whose monthly income is minimum Rs 25000.
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HDFC Bank offers instant personal loans to its selected customers.
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HDFC Bank provides personal loan to its selected customers in 10 seconds.
HDFC Bank Personal Loan Types
Before applying for this loan, you should know which type of HDFC Bank Personal Loan the loan for which you want to take, comes under. For this, read the following types of HDFC Personal Loan-
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HDFC Marriage Loan: This loan is taken to meet the wedding expenses, under which a loan ranging from ₹ 50000 to ₹ 40 lakh can be availed. Its repayment period is maximum up to 5 years.
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HDFC Travel Loan: This loan can be taken for travel related expenses. In this, a loan up to Rs 40 lakh can be availed for a maximum period of 5 years.
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HDFC Home Renovation Loan: This loan can be taken to meet home renovation related expenses. Under this, a loan up to Rs 40 lakh can be availed for a period of 5 years.
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Personal Loan for Teachers: Teachers of government schools or colleges can take this loan to meet additional expenses, under which a loan of up to Rs 40 lakh can be availed for 5 years.
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HDFC Balance Transfer: If you have taken a personal loan from any other bank and you want to transfer that loan to HDFC, then for this you can avail the facility of HDFC Bank Balance Transfer.
Eligibility for HDFC Bank Personal Loan
For those customers who want to take a personal loan from HDFC Bank, let them know that you will get this loan if you fulfill the following conditions –
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Employees or employed individuals between the age of 21 years to 60 years can apply for HDFC Personal Loan.
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To avail this loan, applicants must have at least 2 years of experience in their work.
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For this, the minimum monthly income of a working person should be ₹ 25000.
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If you do not have a salary account in the bank, then your minimum monthly income should be ₹ 50000.
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To apply online for HDFC Personal Loan, you must have a good credit score.
HDFC Bank Personal Loan Required Document
To avail HDFC Personal Loaan, customers will have to submit the following documents required by the bank –
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Aadhar card
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Salary Slip (Last 3 Months)
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Bank Statement (6 months)
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Form 16
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PAN card
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Bank statement of last 3 months
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Address proof
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Company ID card etc.
How to apply online for HDFC Bank Personal Loan
To take a personal loan from HDFC Bank, you can easily apply for the loan by following the simple process given below –
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First of all, go to Play Store on your mobile phone and download HDFC Bank Mobile Banking Application.
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After downloading the app, open the HDFC Bank mobile banking app.
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Then some permissions will be asked, accept them and click on “More” option given on the dashboard.
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After clicking here, click on the “Apply Now” option given.
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Then you will get the option of Personal Loan, go to this option and click on Apply Online option.
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Then the application form will open, fill this form step by step without any error.
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After that you have to complete the E KYC process and finally submit the required documents and submit the application form.
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In this way the process of online application for HDFC Bank Personal Loan will be completed.
Note: You can also apply for personal loan by visiting the nearest branch of HDFC Bank. You can go to the bank and get all the information and fill the application form, after which the loan amount will be transferred to your account as soon as the loan is approved.
